Every Third South Korean Employee Invests In Cryptocurrency 231

Every Third South Korean Employee Invests In Cryptocurrency

According to the survey made by a south korean online employment portal, 31.3% of 941 employees invest in cryptocurrencies.

5.66 million South Korean won ($5300) is an average amount of investments. Among those employees who invest in digital currencies:

  • 44.1% invested less than 1 million won,
  • 18.3% – 1-2 million won,
  • 9.8% – 2-4 million won,
  • 7.8% – 4-6 million won,
  • 12.9% – more than 10 million won.

54.2% of respondents make crypto investments because they expect quick return, and 47.8% said that it was just easy for them as they made small investments.

As for the profit, then:

  • around 80.3% told that they managed to gain profit out of their cryptocurrency investments;
  • 13.2% said they have not suffered losses;
  • 6.4% lost their money.
  • 20% of those whose investments were successful gained 10% profit, and 19.4% of investors received 100% benefit.

South Korea has a 20% share of world bitcoin trade market. This country is one of the most active cryptocurrency traders. Experts state that more than 2 million South Korean citizens own bitcoin and other digital currencies. South Korean government takes urgent steps to regulate cryptocurrency market as such a substantial interest towards this economy branch makes authorities worry.

 

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Cryptocurrency Prices: Insignificant Growth in the Currency Rating 50

Cryptocurrency Prices: Insignificant Growth in the Currency Rating

According to the trading portal Coinmarketcap.com, Bitcoin (BTC) rose by 0.46% in the last 24 hours. The price at the time of writing is $8315.

The indexes are growing, cryptocurrencies are in the green zone again, although the increase in the rating is no more than 8% of the cost. Ripple added 1.25%, Monero increased by 3.06%, Stellar added 1.32% to the value, EOS rose by 7.30%. Litecoin grew only by 0.43%.

Ethereum is showing an increase by 1.42%. Its value at the time of writing is $704 per coin.

The total market capitalization is $383 billion. Bitcoin accounts for 36.9% of the total amount. It is $141 billion in monetary terms.

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Organizers Used Fake Lamborghinis to Attract Attention to the Consensus 2018 117

Organizers Used Fake Lamborghinis to Attract Attention to the Consensus 2018

Organizers of the conference Consensus 2018 in New York held a kind of promo-action by parking a “Lamborghini” in front of the entrance to the building, where the event was held. The vehicle was provided by the company Broadway Supercars from New Jersey. This has been reported by the CNBC channel.

The point of this was to pass the cars off as the transport of Bitcoin and cryptocurrency investors. As a result of an independent investigation it also became known that the last two Lamborghini vehicles belong to the owner of the renting company, John Nouri.

“We do a lot of this for a lot of companies all the time. It’s an attention grabber. It’s for the people walking in. They all say once you make money in crypto, you buy a lambo. I never made money with crypto but I have ten lambos.” – Nouri said.

The edition notes that the rental price of one vehicle of the company Broadway Supercars is $1000 per day, while its total cost is from $200 thousand and more.

“I see a parallel between young people that are really willing to become very rich with the very high-risk investment, and … the fact that our customers are very young,” Lamborghini CEO Stefano Domenicali told CNBC in a recent interview.

Let us remind you that on Monday, the 14th of May, the Consensus 2018 blockchain conference started in New York. This event is currently the largest in the world. It is devoted to Bitcoin, other cryptocurrencies and blockchain technologies.

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